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Listed by Nick Desloges • Keller Williams Real Estate - Newtown
$700,000
Est. payment /mo
1,440 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2592362
Year Built 1910
Annual Tax Amount $7,418
Tax Year 2025
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 18.00 x 80.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
7-Unit Multifamily Investment Opportunity | Value-Add | West Kensington, Philadelphia
175 West Berks Street – Philadelphia, PA
Positioned in the rapidly evolving West Kensington neighborhood, 175 West Berks Street presents an excellent opportunity to acquire a stabilized multifamily asset with strong upside potential. Surrounded by ongoing redevelopment and new residential construction, the property benefits from the continued growth and investment transforming the area.
This 7-unit multifamily building consists of six one-bedroom apartments and one efficiency unit, offering a well-balanced unit mix attractive to renters seeking affordable housing near major employment and education hubs.
Investors will appreciate the value-add opportunity through rent increases to current market levels, creating the potential to improve net operating income. Additionally, there may be the possibility of vertical expansion by adding additional floors, subject to verification with local zoning regulations.
Investment Highlights
7-unit multifamily property
Unit mix: 6 one-bedroom apartments, 1 efficiency
Located in rapidly developing West Kensington
Surrounded by new multifamily construction and luxury residential development
Value-add opportunity through rent increases
Potential development upside through vertical expansion (buyer to verify)
Strong rental demand in a centrally located Philadelphia neighborhood
Showings:
Please allow 24–48 hours' notice to coordinate access to the maximum number of units.
Financials available upon request.
175 West Berks Street – Philadelphia, PA
Positioned in the rapidly evolving West Kensington neighborhood, 175 West Berks Street presents an excellent opportunity to acquire a stabilized multifamily asset with strong upside potential. Surrounded by ongoing redevelopment and new residential construction, the property benefits from the continued growth and investment transforming the area.
This 7-unit multifamily building consists of six one-bedroom apartments and one efficiency unit, offering a well-balanced unit mix attractive to renters seeking affordable housing near major employment and education hubs.
Investors will appreciate the value-add opportunity through rent increases to current market levels, creating the potential to improve net operating income. Additionally, there may be the possibility of vertical expansion by adding additional floors, subject to verification with local zoning regulations.
Investment Highlights
7-unit multifamily property
Unit mix: 6 one-bedroom apartments, 1 efficiency
Located in rapidly developing West Kensington
Surrounded by new multifamily construction and luxury residential development
Value-add opportunity through rent increases
Potential development upside through vertical expansion (buyer to verify)
Strong rental demand in a centrally located Philadelphia neighborhood
Showings:
Please allow 24–48 hours' notice to coordinate access to the maximum number of units.
Financials available upon request.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881078740
Ownership Fee Simple
Special Listing Condition Standard
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